Regulators consult on BoE levy regulations

the BoE and Treasury are consulting on how to implement the new levy based arrangement which will replace the Cash Ratio Deposit scheme. Deposit-taking firms (except credit unions and friendly societies) with eligible liabilities up to and including £600m will remain outside scope, and those with larger amounts will pay a proportionate levy.

Consultation on the changes and the draft legislation closes on 15 December.

Emma Radmore